All Things Newz
Business

China c.bank makes smallest daily cash injection since Jan 2021

[ad_1]

Article content

SHANGHAI — China’s central bank continued injecting liquidity in small doses into the banking system in the run-up to the month-end.

The People’s Bank of China (PBOC) injected 2 billion yuan ($295.76 million) through seven-day reverse repos on Wednesday, the tiniest daily cash injection since January 2021.

With 3 billion yuan worth of such a liquidity tool maturing on Wednesday, the PBOC drained 1 billion yuan on a net basis on the day. ($1 = 6.7623 Chinese yuan) (Reporting by Winni Zhou and David Stanway; Editing by Muralikumar Anantharaman)

[ad_2]

Source link

Related posts

Gold wallows at over two-year low as Fed rate-hike fears mount

Saudi Arabia, South Korea firms sign deals worth $30 bln -minister

Hunt for missing Australia radioactive capsule steps up as nuclear body joins search